What is John's adjusted basis in the 1 000 shares of Intel?
What is John's adjusted basis in the 1,000 shares of Intel stock? John bought 1,000 shares of Intel stock on October 18, 2014, for $30 per share plus a $750 commission he paid to his broker. On December 12, 2017, he sells the shares for $42.50 per share. He also incurs a $1,000 fee for this transaction. b.
What is John's adjusted basis in the stock market?
a. What is John's adjusted basis in the 1,000 shares of Intel stock? Adjusted basis 30,730 John's basis in the 1,000 shares of Intel stock is $30,750. This is the purchase price of $30,000 (i.e., $30 × 1,000) plus the $750 commission paid to the broker.
How much did John pay for 1000 shares of Intel stock?
John bought 1,000 shares of Intel stock on October 18, 2014, for $30 per share plus a $750 commission he paid to his broker. On December 12, 2017, he sells the shares for $42.50 per share. He also incurs a $1,000 fee for this transaction. a. What is John's adjusted basis in the 1,000 shares of Intel stock?
What amount does John realize when he sells the 1000 shares?
b. What amount does John realize when he sells the 1,000 shares? Sales realizations $41,500 On the sale, John realizes $41,500. This is the sales price of $42,500 (i.e., 1,000 × $42.50) minus the transaction fee of $1,000. John bought 1,000 shares of Intel stock on October 18, 2015, for $30 per share plus a $750 commission he paid to his broker.
How much did John buy Intel stock?
This is the purchase price of $30,000 (i.e., $30 × 1,000) plus the $750 commission paid to the broker. John bought 1,000 shares of Intel stock on October 18, 2015, for $30 per share plus a $750 commission he paid to his broker. On December 12, 2019, he sells the shares for $42.50 per share.
How much does Dana invest in a bond?
Dana intends to invest $30,000 in either a Treasury bond or a corporate bond. The Treasury bond yields 5 percent before tax and the corporate bond yields 6 percent before tax. a-1.